Check your BM - Both the MSRP and Negotiated price

Jul 19, 2019
11:01:09am

Negative Equity All-American

are important in the lease calculation. You need to play with the lease formula to see how both the MRSP and Negotiated price will effect the lease payment.

Short answer is that you absolutely need to negotiate the selling price as low as you can.

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Negative Equity

Previous username: Neg
Bio page: Negative Equity
Joined: Jul 26, 2009
Last login: Apr 29, 2024
Total posts: 10,991 (2,421 FO)

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Messages

Author

Time

If you’re going to lease a vehicle, is the lease price based off the MSRP?

Coug All-American

7/19/19 7:30am

#1 rule... Always negotiate..

TheLost

7/19/19 7:42am

Here is a good guide on how to calculate a lease payment..

TheLost

7/19/19 7:45am

Why does anybody lease? I've never seen any sense in leasing.

HighHorse

7/19/19 7:51am

Low payment, new car every 3 years. To some that's worth shelling out a ton of cash for the lack of headache.

Bert609

7/19/19 7:54am

Shelling out a ton of cash?

TheLost

7/19/19 8:00am

It's all perspective. I'm paying $280/month for 60 months for a Lexus GX470 with 0-down and at the end of

Bert609

7/19/19 8:10am

So you bought a used car (~$18k and put ~$5k down) and got a $280 payment...

TheLost

7/19/19 8:24am

He put 0 down.

Baron

7/19/19 8:34am

So he bought a 2005 GX470 w/100k miles for $13k.

TheLost

7/19/19 8:40am

Close, I bought a 2008 GX470 with 99k for $14k with 0-down.

Bert609

7/19/19 8:44am

Awesome car, will run forever. But that's apples to oranges

TheLost

7/19/19 8:48am

My original post was "why do people lease". Because some people prefer "shelling out a ton of money" to have

Bert609

7/19/19 8:55am

You can lease a Lexus for that little?

TNT

7/19/19 8:28am

You can buy a Lexus with 100k miles for that little.

TheLost

7/19/19 8:40am

Leasing costs a lot more overtime in almost all cases.

Baron

7/19/19 8:11am

So is it an image based decision? Or good for small business and tax deductions?

Q-grr

7/19/19 8:21am

From a financial standpoint, certain cars have a buy back point

Baron

7/19/19 8:25am

I lease for 2 reasons.

Lance71

7/19/19 9:37am

Leasing for me is about 2 to 5 times more expensive than buying, depending on

Baron

7/19/19 9:46am

I've leased several cars and always left without paying a dime.

Lance71

7/19/19 8:08am

You have returned your leases with enough equity to cover the entire lease amount over 60 months? That's incredibly

Bert609

7/19/19 8:11am

It’s not too hard to do. I’ve done it with several leases. I actually made some

Soy Celeste

7/19/19 8:26am

I got a check for ~$3k from the equity in the lease i just returned.

TheLost

7/19/19 8:43am

Subtract that from your monthly payment, how much do you pay in total? And did

Baron

7/19/19 9:00am

Over 36 months.. i paid less on my lease payment than a loan payment.

TheLost

7/19/19 9:13am

Yea but then you have to add the next lease amount to that for the total out lay

Baron

7/19/19 9:22am

Newer car.. roughly the same payment (same milage allowance).. i put less down.

TheLost

7/19/19 9:26am

Yea and I never have a car payment unless they offer 0%. So you pay a ton more

Baron

7/19/19 9:43am

I also must drive a much nicer car... so there is no point in your argument.

TheLost

7/19/19 10:12am

Exactly you are shelling out a ton of money still but it is worht it to you.

Baron

7/19/19 10:19am

I meant not paying a dime as a down payment. Not the entire lease.

Lance71

7/19/19 9:32am

Shelling out a ton of cash is having a car old enough to need

Lip Gallagher

7/19/19 8:19am

It's all opportunity cost. I'm not knocking on leases, but I'm not in denial that they are "cheap" either. And in

Bert609

7/19/19 8:47am

Eh. I've never leased, but a car is always an expense. Some people like driving latest model cars

mik3

7/19/19 7:55am

No. Look up the username Negativeequity. He did a huge thing on leases a while

PessimisticCB

7/19/19 9:02am

I have leased three vehicles. The lease is based off the price

PessimisticCB

7/19/19 9:03am

Check your BM - Both the MSRP and Negotiated price

Negative Equity

7/19/19 11:01am

Yeah, this guy, this guy knows everything about leasing/buying vehicles

PessimisticCB

7/19/19 11:10am

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